Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

Taiwan cable and wire company to build large plant in santa teresa

12/19/2018

0 Comments

 
Picture
A company known for its power supplies, electrical cords, and industrial cables has announced plans to build a new manufacturing facility in Santa Teresa, New Mexico.
The Taoyuan City, Taiwan-based Admiral Cable wants to build a massive 240,000 square foot facility that will go up in two phases.
Altogether, the company is expected to invest up to $50 million on the structure, with plans for the facility to be operational in the early part of 2020.
The project is the result of talks between Admiral and the New Mexico Department of Economic Development which has agreed to put up around $3.9 million in support to get the facility built.
That money is coming through the department’s Local Economic Development Act funds.
In a statement, T.C. Huang, chief executive officer of I-Sheng Electric Wire & Cable, which owns Admiral Cable, said the company is excited to establish its “domestic manufacturing capacity in New Mexico.”
I-Sheng primarily manufactures computer peripheral products, including signal transmission cables, fiber optic cables, and power cord connectors.
Huang also noted that the Santa Teresa location for the plant, “affords us greater proximity to our customers with efficient market access, supply chain efficiencies, and high-quality labor.”
In return for the LEDA funding, the company has committed itself to hiring nearly 350 local and area workers.
I-Sheng, which was founded in 1973, realized nearly $240 million in revenue last year.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy